| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $355M | $361M | $331M | -1.8% | 7.2% |
| Op. Income | $72M | $60M | $21M | 19.5% | 243.5% |
| Gross Margin | 49.9% | 47.5% | 46.7% | 2.4pp | 3.1pp |
| Net Margin | 15.9% | 13.1% | 4.8% | 2.8pp | 11.1pp |
| EPS (Diluted) | $0.65 | $0.54 | $0.17 | 20.4% | 282.4% |
| Free Cash Flow | $67M | $43M | $165M | 54.9% | -59.6% |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $177M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $46M |
| Operating Expenses | $105M |
| Cost & Expenses | $283M |
| OPERATING INCOME | $72M |
| Interest Income | $336M |
| Interest Expense | $175M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | -$20M |
| EBIT | $72M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $177M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $46M |
| Operating Expenses | $105M |
| Cost & Expenses | $283M |
| OPERATING INCOME | $72M |
| Interest Income | $336M |
| Interest Expense | $175M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | -$20M |
| EBIT | $72M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $56M |
| Depreciation & Amortization | -$20M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$499M |
| Sales/Maturities of Investments | $136M |
| Other Investing Activities | $155M |
| NET CASH FROM INVESTING | -$214M |
| Net Debt Issuance | -$101M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$134M |
| FREE CASH FLOW | $67M |
| Net Change in Cash | -$276M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $2.1B |
| Net Receivables | $225M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $251M |
| Goodwill | $415M |
| Intangible Assets | $32M |
| Long-Term Investments | $22.5B |
| Tax Assets | $123M |
| Other Non-Current Assets | $779M |
| TOTAL NON-CURRENT ASSETS | $24.1B |
| TOTAL ASSETS | $27.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.4B |
| TOTAL CURRENT LIABILITIES | $21.4B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $370M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $24.6B |
| Common Stock | $154M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $2.0B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | $51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $27.6B |
| Total Debt | $2.8B |
| Net Debt | $1.6B |
